I need some advice

My boyfriend and I have been together almost 2 years now. we started living together about 4 months ago. Things were going well until about a month ago when I asked him to put his relationship status on FB as "in a relationship". That's when he told me he wasn't sure he wanted a relationship. He says he doesn't want to lose me, he just worries a lot about hurting me. When we talked about it, he said he still wants the relationship while he thinks about things. So he is still being faithful. We still spend the same amount of time together. We have had several talks about this situation since it started, and he has been open. But he doesn't seem to know exactly what it is. I just need some kind of feedback. I'm so confused and hurt. I thought everything was going really well until this. And the thing is that he acts like everything is normal between us. Meanwhile I go between anger and sadness. I don't know what to think. When we talked further about the relationship status, he said he sees that as another step in our relationship. Is that really a thing? So anyway, now I am just waiting for him to figure it out and hurting. I want to honor myself and do what is right for me, but I honestly don't know what that is. He's been so good to me, and I am hoping things can get back to normal, but I don't know if I can wait much longer.